Despite the flurry of activity and popularity around emerging alt and meme coins like Shiba Inu coin, market analysts have said that fears over rising inflation are seeing traders shore up support in Bitcoin and major cryptocurrencies.
Bitfury has appointed former Binance US boss Brian Brooks as CEO. Former financial regulators are in control of one of the world’s largest crypto mining outfits when the industry is booming.
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Bitcoin is the oldest and most well-known crypto token that you can buy, and in the last 24-hours, its value has changed by -3.90%. It was priced at ₹54,40,140, according to CoinSwitch, and is now at ₹52,27,858. Bitcoin’s market cap is now ₹91.6T.
The flag-wavers point to these and other concerns to warn that SafeMoon may not, in fact, be safe.
The phenomenon has occurred more frequently in recent days, with Bitstamp also seeing freak order-book events.
More importantly, we find that the ACP and ANET factors can price cryptocurrency returns. In particular, all of our five cryptocurrencies have positive and significant exposures to the fundamental factors. The explanatory power of ACP and ANET is over and above any effects related to the Bitcoin and momentum factors. This finding is non-trivial given that the five cryptocurrencies in our sample have consistently accounted for between 80% to 95% of the total cryptocurrency market capitalisation. Furthermore, we extend our factor analysis to an out-of-sample set of 33 cryptocurrencies obtained from the Bittrex exchange. We find that the aggregate computing power and network factors also price cryptocurrencies in this large out-of-sample data set.
In early November, FTM formed an inverse head and shoulder pattern, eventually breaking the neckline with a steep rise close to $3.2. However, it is now recovering from the steep drop it experienced overnight along with the market. On its way down, it broke through several local support levels.
Malta-based cryptocurrency exchange Binance will launch its U.S. division within the next two months, according to CEO Changpeng Zhao.
Based in San Francisco, Binance.US is operated by the U.S.-registered company BAM Trading Services which acts as its official partner. Its relationship with the international Binance franchise is strong enough for Binance.US to be designated as its “arm”, yet the Binance CEO Changpeng Zhao claims that he has no "legal titles" or an "operational role" in it. Binance.US is headed by Catherine Coley, a former executive at Ripple.
ETF approval has been in consideration by the SEC multiple times over the past few years, but BITO is the first to gain approval.
Additionally, cryptocurrencies are frequently used to facilitate gray and black market transactions, so many countries view them with distrust or outright animosity.
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Cryptocurrency values are up, but so is the price of everything else in the United States! Investor curiosity in BTC grows as data shows U.S. inflation rose to a 30-year high.
Mexico’s central bank on Monday swatted down the cryptocurrency enthusiasm expressed over the weekend by one of the country's leading bankers.
As recently as May 2021, Binance was under investigation by the U.S. government for tax fraud and money laundering, according to reporting by Bloomberg.
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This list by no means final, as Binance.US designates it as “Phase 1” digital asset offering, promising to support a wider range of cryptos down the line. The platform hopes to garner broader support in the US by enabling trading USD for popular cryptocurrencies.